Apply for the Bank of America Premium Rewards Credit Card Today

Looking to elevate your travel experiences while earning valuable rewards? The Bank of America Premium Rewards Credit Card could be your gateway to a world of possibilities. With this card, you can enjoy unlimited 2 points for every dollar spent on travel and dining, along with 1.5 points per dollar on all other purchases.

Cardholders can take advantage of up to $200 in annual travel statement credits, covering expenses such as airline incidentals and airport lounge fees, making every journey more comfortable and rewarding. Additionally, the card comes with no foreign transaction fees, ideal for international trips.

The hefty sign-up bonus after meeting the spending requirement further sweetens the deal. Furthermore, Preferred Rewards members can amplify their earnings up to 75%, maximizing the card’s benefits. This card offers a smart blend of rewards and perks, catering to both everyday spenders and frequent travelers. Explore its potential to redefine the way you earn and experience more.

Unveiling the Benefits of the Bank of America Premium Rewards Credit Card

Generous Points on Every Purchase

With the Bank of America Premium Rewards Credit Card, cardholders enjoy the benefit of earning unlimited 2 points for every dollar spent on travel and dining purchases, and 1.5 points per dollar on all other purchases. This makes it an appealing option for frequent travelers and food enthusiasts looking to accumulate rewards efficiently. To maximize this benefit, consider using this card for all qualifying travel expenses and dining bills to rack up points quickly.

Up to $200 in Travel Credits

This card offers an annual travel credit of up to $200, which can be utilized for airline incidentals like seat upgrades, in-flight beverages, and baggage fees. Additionally, up to $100 of the credit can be used for TSA Pre✓® or Global Entry application fees every four years. To make the most of this benefit, schedule any travel-related purchases just before your annual credit reset to ensure you take full advantage of the available credits.

Luxury Travel Perks

Embrace the luxury of travel with access to a host of exclusive benefits. These include complimentary room upgrades, early check-in, late check-out, and daily breakfast at over 1,000 premier properties worldwide, providing a high-end travel experience without the premium prices. To leverage this feature, book trips through the card’s dedicated travel platform to ensure you receive all the available perks.

No Foreign Transaction Fees

If you’re a globetrotter, this card provides peace of mind by charging no foreign transaction fees. This feature can save you significant costs when using your card abroad, allowing you to spend without worrying about extra charges. Plan to use your card for international purchases to maximize savings and streamline your budget while traveling.

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The Bank of America Premium Rewards Credit Card offers a wealth of benefits that make it an exciting option for both frequent travelers and everyday spenders alike. One of the standout features of this card is the ability to earn 2 points per dollar spent on travel and dining, which can quickly add up to significant rewards. Additionally, for every other purchase, cardholders earn 1.5 points per dollar. This dual earning structure not only rewards regular expenses but also elevates your reward potential each month.The card comes with no annual fee for the first year, making it an attractive choice for those who want to test the waters without upfront costs. After the first year, a modest annual fee applies, but many find the robust reward system more than justifies this cost. Moreover, cardholders benefit from a generous welcome bonus, which can be a substantial number of points after spending a specified amount within the introductory period. Beyond rewards, the card encompasses travel perks such as no foreign transaction fees, making it ideal for international travelers. Furthermore, the Premium Rewards card provides trip cancellation/interruption insurance and access to a 24/7 concierge service, enhancing the travel experience. The Bank of America Premium Rewards Credit Card does not just reward spending; it offers substantial benefits that cater to a wide variety of customer needs, encouraging users to explore travel opportunities and expand their financial horizons. As you delve deeper into the world of rewards credit cards, the unique offerings and appealing advantages of this card may lead you to rethink your spending strategy.

Requirements for the Bank of America Premium Rewards Credit Card

• Credit Score: Applicants typically need to have a good to excellent credit score, generally around 670 or higher. This ensures that you are seen as a responsible borrower capable of handling credit effectively.
• Proof of Income: You’ll need to demonstrate sufficient income to support your credit line. While specific minimum income requirements aren’t publicly specified, sufficient income assures the bank of your ability to pay.
• U.S. Residency: Only U.S. residents are eligible for this credit card, as it is a financial product designed specifically considering the financial system of the United States.
• Identity Verification: You’ll be required to submit valid identification documents, such as a Social Security number or Individual Taxpayer Identification Number, to verify your identity.
• Age Requirement: Applicants need to be at least 18 years old, or 21 in Puerto Rico, to apply for this credit card. This is a fundamental legal requirement for entering into a credit agreement in the U.S.

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How to Apply for the Bank of America Premium Rewards Credit Card

Step 1: Visit the Official Bank of America Website

The journey towards exclusive rewards and benefits begins with a visit to the official Bank of America website. Navigate to their credit cards section, where you’ll discover various options designed to meet a variety of financial needs. Among them, the Premium Rewards Credit Card beckons with its impressive mix of perks for the modern spender.

Step 2: Explore the Premium Rewards Credit Card Features

Dive into the details of what makes this credit card special. From travel and dining rewards to statement credits, this card offers an array of features waiting to be unlocked. Every bit of information is crucial, so take your time to understand the benefits and compare them with your financial goals. This exploration can confirm whether it’s the right choice for you.

Step 3: Check Your Eligibility and Gather Required Information

Before proceeding with your application, it is vital to verify your eligibility. Ensure that you meet the basic requirements, which typically include a good credit score and a stable income. Gather your personal information, including Social Security number and employment details, as these will be needed during the application process.

Step 4: Complete the Online Application

Navigating to the application form can be accomplished with just a few clicks. Enter your information accurately, as this will determine your approval status. Pay particular attention to each field, ensuring all information is correct and complete. This is your chance to put your best foot forward and secure those rewards in waiting.

Step 5: Submit and Await Approval

With every detail in place, it’s time to hit the ‘submit’ button. After submission, all that’s left is a short wait as Bank of America processes your application. If approved, you’ll soon be armed with a new financial tool to help you earn and save. Keep an eye out for any communications from the bank regarding your application’s status.

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Frequently Asked Questions about the Bank of America Premium Rewards Credit Card

What are the primary benefits of the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card offers a compelling suite of benefits designed to enhance your financial experience. Cardholders can earn an initial bonus of 50,000 online bonus points after making at least $3,000 in purchases within the first 90 days of account opening. Additionally, it offers up to 2 points per dollar on travel and dining, and 1.5 points per dollar on all other purchases. This card also provides up to $200 in combined airline incidental and TSA Pre✓® or Global Entry statement credits.

Is there an annual fee for this credit card?

Yes, the Bank of America Premium Rewards Credit Card comes with an annual fee of $95. This fee is offset by the potential rewards and benefits, such as travel credits and points accumulation, which offer more value to frequent travelers and spenders.

How does the card’s reward points system work?

Cardholders earn reward points on every purchase: 2 points per dollar on travel and dining expenditures, and 1.5 points per dollar on all other eligible purchases. These points can be redeemed for various rewards including cash back, statement credits, travel, and more through the Bank of America rewards program. Importantly, as points don’t expire, they can be saved and used when it’s most beneficial for you.

Does the card offer any travel-specific rewards or protections?

Indeed, the Bank of America Premium Rewards Credit Card is designed with travelers in mind. It includes travel protections such as trip delay reimbursement, lost luggage reimbursement, and emergency evacuation coverage. Notably, there are no foreign transaction fees, making it an excellent companion for international travel.

What additional perks can Preferred Rewards members enjoy?

Preferred Rewards members can receive a 25% to 75% rewards bonus on every purchase, depending on their specific tier level. This program requires maintaining a qualifying deposit balance across Bank of America accounts but offers enhanced rewards which could significantly boost your points earnings over time.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the our platform. Her goal is to empower readers with practical advice and strategies for financial success.